Electronic title file system to be used.
be amended by adding thereto a NEW SECTION to read as
be amended to read as follows:
Any bank, savings and loan association,
, or any dealer licensed
pursuant to this title
may be provided access to motor vehicle title and lien information maintained
on the state's computer system via a modem and terminal owned by the bank, savings and loan
, or dealer
. The Department of Revenue and Regulation shall
promulgate rules pursuant to chapter 1-26 to specify access availability.
The secretary of state shall
promulgate rules pursuant to chapter 1-26 to specify cost of access.
The Department of Revenue
and Regulation may deny or revoke authority previously granted for accessing this information if
the information accessed is used for any
reason unrelated to the business of the bank, savings and
loan association, or credit union
purpose not authorized by law
The provisions of section 1 of this Act become effective on July 1, 2009.